Raging River Exploration Inc. Amends Advance Notice By-Law
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 04/17/15 -- Raging River Exploration Inc. (the "Company" or "Raging River") (TSX: RRX) today announced that it has amended its advance notice by-law ("By-law No. 2") to be considered at the annual and special meeting of shareholders of Raging River to be held on May 7, 2015 (the "Meeting").
In response to certain corporate governance considerations, By-law No. 2 was amended to remove the ability of the Company to request certain additional information with respect to the independence and qualifications of a proposed nominee. The amended and restated By-law No. 2 is attached to this press release as Schedule "A". By-law No. 2, as amended and restated, will be effective when, and if, By-law No. 2 is confirmed by the shareholders at the Meeting.
INTRODUCTION
The Corporation is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information with respect to all nominees; and (iii) allowing shareholders to register an informed vote having been afforded reasonable time for appropriate deliberation.
The purpose of this Advance Notice By-Law (the "By-Law") is to provide shareholders, directors and management of the Corporation with a clear framework for nominating directors. This By-Law fixes a deadline by which holders of record of common shares of the Corporation must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Corporation for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders.
It is the position of the Corporation that this By-Law is in the best interests of the Corporation, its shareholders and other stakeholders. This By-Law will be subject to an annual review, and will reflect changes as required by securities regulatory agencies or stock exchanges, or so as to meet industry standards.
IT IS HEREBY ENACTED as a by-law of the Corporation as follows:
To the extent that the applicable annual meeting or special meeting of shareholders is adjourned or postponed, the time periods for the giving of a Nominating Shareholder's notice set forth above shall be calculated based on the new adjourned or postponed date of the annual meeting or special meeting of shareholders and not based on the original date of such meeting.
In addition, a Nominating Shareholder's notice shall be promptly updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting.
The information requested pursuant to this paragraph 4, to the extent provided by the Nominating Shareholder or proposed nominee, shall be publicly disclosed by the Corporation as necessary to comply with the provisions of the Act and Applicable Securities Laws.
Contacts:
Raging River Exploration Inc.
Mr. Neil Roszell
President and Chief Executive Officer
403-767-1250
403-387-2951 (FAX)
Raging River Exploration Inc.
Mr. Jerry Sapieha, CA
Vice President, Finance and Chief Financial Officer
403-767-1265
403-387-2951 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2015 - 20:00 Uhr
Sprache: Deutsch
News-ID 386660
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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